Today, the Sr. VP-Admin of Badger Meter (BMI), Richard E. Johnson, bought shares of BMI for $145K.
This is Johnson’s first Buy trade following 17 Sell transactions. This recent transaction increases Richard E. Johnson’s holding in the company by 16.28% to a total of $3.37 million.
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Based on Badger Meter’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $104 million and quarterly net profit of $11.24 million. In comparison, last year the company earned revenue of $96.65 million and had a net profit of $7.23 million. BMI’s market cap is $1.78B and the company has a P/E ratio of 63.75. Currently, Badger Meter has an average volume of 73.79K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.33, reflecting a -10.3% downside.
In the last 30 days, insiders have sold $1.42M worth of BMI shares and purchased $145K worth of BMI shares. The insider sentiment on Badger Meter has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Badger Meter, Inc. engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation.
